Fannie Mae Tag

In a knee-jerk reaction to panic and fear over the current financial crisis, the government issued a $700 billion dollar bailout bill last week. Rather than considering the cause of the "toxic loans" at the heart of this crisis, Congress decided that it had to

The Wall Street Journal recently ran an excellent editorial examining the bad business and corruption that arises "when you combine private profit with government power." Created by an act of Congress in 1938, Fannie Mae is a government sponsored enterprise (GSE) that owns or guarantees